Need Help?

Need professional advice for your consent to let with Loughborough Building Society? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Loughborough Building Society consent to let: Q and A’s

  • We have a residential mortgage with Loughborough Building Society. This has been in place for two years. We are thinking about leasing out our property and renting in an area close to our children's school until we find the right property to purchase. Do Loughborough Building Society usually issue consent to let and if so, are there any financial implications?
  • I need to explore if I can receive consent to let on my existing property. I have a mortgage with Loughborough Building Society but my situation has changed. I'm about to move in with my partner and daughter who have a house and more room than my studio home. I doubt I will qualify for a buy to let loan as I don't have the funds for a deposit nor do I earn more than £25000 per annum.
  • Am I required to notify Loughborough Building Society of my plan to rent a caravan out on my property. Can you shed any light on this? I am taking independent advice on the insurance, legal and tax side of things .
  • I have an annex that my dad is planning to move out from. As the main house is large I was thinking to move into the annex and rent the rest out. This is also due to change in my personal situation. Would I require consent to let from Loughborough Building Society?
  • We are interested in discovering more about the Loughborough Building Society consent to let process and prerequisites for granting.
  • At the moment I do not have consent to let by Loughborough Building Society but I would like to apply, An opportunity has arisen which might involve me working away for eighteen months. But want to keep my home for my return - can you help?
  • I am already leasing out my flat but may have been sussed out. I have five months remaining on my fixed rate. How straightforward is it to get consent to let from Loughborough Building Society. Is it just a five minute phone call, pay the charge and that's it?
  • Do you know whether there a time limit on a consent to let from Loughborough Building Society? and do you need to get a new mortgage first or a general residential mortgage can just be changed to a consent to let after application?